The National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) showed that over 72% of all new and existing homes sold in the first quarter of 2009 were affordable to families earning the national median income.  This was a jump of 10 percentage points.

This improvement can be attributed to lower home prices and record low interest rates.

While it may not mean much in coastal communities, any improvements in the housing sector is good news.

Check out my website http://www.pathaleonline.com or contact me. My contact information is on that website.

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